Zakat is the fourth pillar of Islam. Zakat is a form of obligatory charity a Muslim must pay on a yearly basis. If all the Zakat is spent correctly and on the people who deserve, it has the potential to ease the suffering of millions.
Zakat reminds us that our wealth is given by Allah, and He is the ultimate owner of everything. By giving Zakat we are not doing any favours for Him, rather we are removing our own sins and gaining His pleasure.
“And establish prayer and give Zakat, and whatever good you put forward for yourselves – you will find it with Allah.” (2:110, Qur’an)